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1 Exchange Place, IFSC, Dublin 1

Investment Property (3,800.00 sqft) For Sale by Private Treaty
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Price €2,400,000

Location

The property is situated within the larger Exchange Place development located at the juntion of Mayor Street and Commons Street in the centre of the International Financial Services Centre (IFSC). The property immediately adjoins the CHQ building, Hilton Garden Inn and the IFSC multi-storey car park.

 

Dublin's IFSC, now in its 30th year, operates as one of the world's leading financial services centres, housing many of the world's largest financial institutions and accounting for approximately 38% of all financial services corporation tax revenues in Ireland. The IFSC has in recent years developed into one of the leading hedge fund centres in Europe. In addition to employment, the location benefits from a range of amenities including an array of cafes, restaurants, bars and public areas.The Luas runs parallel to the property and links the IFSC with the balance of Dublin City Centre.

Full Description

No. 1 Exchange Place comprises a modern end of terrace office building with the accommodation laid out over four floors with secured car parking located to the rear.

 

The building is of a reinforced concrete frame construction with a red brick outer finish to the front and a rendered finish to the rear. The floor plates are regular in shape and provide for a mixture of open plan office accommodation and cellular office space. The windows are double galzed aluminium framed units and the property has a glazed entranceway. All of the floors within the building are accessed via the internal common area stairwell. The property benefits from the use of three surface car parking spaces. The specification of the offices includes plastered ceilings, perimeter trucking with cabling, solid concrete floors with carpet covering, toilet / kitchenette facilities and electric storage heating.

 

The property boasts and excellent tenant line up including Epic Ireland, Apleona Real Estate, Luftansa, and Porsche Financial Management Systems.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Tenant Floor Size (Sq.Ft) Contracted Rent Lease Expiry Break Options Comments
    Epic Ireland Exhibitions Limited Ground 861 €24,000 14/03/2026 14/03/2019 & 14/03/2021 Lease includes use of 1 car parking space. Rent review in March 2021.
    Apleona Real Estate Limited First 989 €41,000 02/04/2023 N/A Next rent review in April 2018.
    Lufthansa Technik Shannon Limited Second 965 €35,500 15/03/2025 N/A Lease includes use of 1 car parking space. Next rent review in March 2022.
    Porsche Financial Management Services Limited Third 981 €39,285 02/04/2023 N/A Next rent review in April 2018.
    Total   3,796 €139,785      

    The weighted average secure lease term (WAULT) is 5.2 years and 6.4 years to lease expiry.

    Title

    Long leasehold

    Price

    Offers are sought in the order of €2,400,000

    Further Information

    For further information please contact Lisney on Tel: 01 638 2700

     

BER Details

BER: C3-D1

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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